Latvia Seeks EU Backing for Rail Baltica Plan as 2030 Link Slips Over Budget
Updated
Updated · Bloomberg · Jun 18
Latvia Seeks EU Backing for Rail Baltica Plan as 2030 Link Slips Over Budget
3 articles · Updated · Bloomberg · Jun 18
Summary
Latvia's prime minister said he will present the EU executive with a new plan for Rail Baltica after the cross-border rail project became unlikely to meet its 2030 completion target.
Rail Baltica — the Baltic region's biggest infrastructure project — is facing significant delays and cost overruns, according to Andris Kulbergs.
The high-speed line is designed to connect Estonia, Latvia and Lithuania with Poland and the rest of Europe, making the funding and timetable reset important for regional integration.